There is a buying opportunity seen in the ETF, usually ETFs needs to be held for a longer period as the performance is slow and steady and this etf is based on the index we might see some frequent volatility.

The recent move in the ETF is somewhat interesting. There are players interested in the ETF and its trading activity has been high compared to previous activity. There was a Window made in the ETF. There is some consolidation at this level which is interesting to look forward to in the ETF.

If the ETF is able to close above the window for 2 consecutive days we can expect the pair getting more attention. The Window is acting as a strong resistance in the ETF currently, once this level has been surpassed and close above the window we will expect buyers to come in action, we will advise to buy the ETF for a move of 33.75-34.

If the Etf closes above the window we expect that the ETF will close above the 50 Day EMA which will give as another confirmation for entry.

The RSI is not able to cross 63 levels for a very long period. If the RSI crosses above 63 we can expect the target to be higher.

Advice : Buy if the mentioned condition is fulfilled.

Horizons Dax Germany ETF

Oct 24 2021

1